`Bye, bye India and reservation ”: the tax consultant for the reports of the crisis as the best talents emigrate
An article on an investor leaving India has revived a debate on the growing brain growth of the country, the tax consultant Madhav Pangarkar stressing how tens of thousands of professionals, engineers and highly qualified doctors leave each year.
The position, which offers “Bye Bye India” and blamed questions such as booking, was shared by Pangarkar on Linkedin to highlight a wider trend: India continues to lose some of its best talents to opportunities abroad.
“Sixty to seventy-five thousand engineers and doctors leave each year. Sixty-two percent of the best Jee Rankers fly abroad. And we lose $ 2 billion for brain flight,” noted Pangarkar in his comment.
Government and academic data support these figures. The Ministry of External Affairs and Labor Reports estimate that 60,000 to 75,000 highly qualified Indian professionals emigrate each year. When the migration of students is included, the scale is much greater: nearly 1.2 million Indian students left to study abroad in 2023 only, many in engineering, medicine and computer science.
Elite talent is at the forefront of this outing. Studies show that around 62% of the best rows Advanced Rankers de l’Iit and Jee are pursuing higher education or jobs abroad, especially in the United States, the United Kingdom and Canada.
The financial blow is important. According to the United Nations Development Program, India’s computer brain leak alone costs around $ 2 billion per year, without taking into account medicine, science and other fields.
The pilots are complex. Beyond economic opportunities and a higher salary abroad, analysts cite systemic problems in India – corruption, bureaucratic administrative formalities and limited research routes – as a push factors. Social and political divisions, including debates around the reserve and meritocracy, also play in dissatisfaction expressed by many young professionals.
While sending funds for foreign Indians remain a major contributor to India’s economy, criticism supports the long -term loss of intellectual and technical capital hinders the country’s ability to innovate and compete worldwide.
